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20121122
20121122
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other economies what to do? it has been limited. when you look at barack obama's meeting in london when the global economy was on fire, it is interesting. she laid down the gauntlet we are not going to play by the rules. it has been interesting to look at the limits we have influencing a nation like germany. i asked you, do you think america can influence the international system? i would love to see how you see the challenges ahead and put them in a geostrategic all context. >> i think it is as important as a strong military. i think economics is an answer of rebates as important as traditional policy. i think we have moved from an era where rates are the measure of a nation's strength or vulnerability to an era where sovereign interest rates are a measure of strength or vulnerability. angela merkel can tell you what the spread is on the most recent greek bond auction -- option. the world has always looked to the u.s. in a somewhat perplexed fashion. people thought we would never get off the ground all those years ago. they are at once cheering for us to be successful, but bottom line
bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal, we're going to have a stalemate and we will tall off the fiscal cliff into recession and then he will blame the republicans. what's your take? >> i think he's going to blame the republicans, larry, for sure. and i think in the republican's interest to delay it as long as possible and make the republicans look as uncooperative as possible. but we will fall off the cliff anyway, larry. and i think we will have a very bad year in 2013, even if they do extend all of the tax cuts. i think we have a real bad scenario coming forward. >> jared bernstein, what do you think that the president might go off the cliff. okay, nothing on your end. then blame the republicans. and add one thing, jared, president obama does
Search Results 0 to 1 of about 2